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03 Jul
16:01

Iron ore drops on restrictions

Seaborne iron ore prices showed a downward trend on Monday under the influence of production restrictions news. The Kallanish KORE 62% and 65% Fe indices declined by $0.99/tonne and $0.39/t respectively on Monday to $111.23/dry metric tonne cfr Qingdao and $123.78/dmt cfr. Meanwhile, the KORE 58% Fe index declined $0.99/t to $99.71/dmt cfr. 90,000 tonnes of Newman fines and the same volume of JMBF fines were sold respectively at $109.7/t and a floating p…
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